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Competition: The best price regulator

Chairman's speech

On 21 November 2000, the Chairman Gary Banks addressed the Committee for the Economic Development of Australia (CEDA) at the Hyatt Regency Hotel, Perth.

  • Contents

Transformation of the Australian economy

Reform has yielded significant benefits
Incomes and jobs have expanded
Prices have been 'disciplined'

When is pricing a policy problem?

Perils of price regulation
The Prices Surveillance Act
The National Access Regime

Restriction on competition remain

Bottom line